Gehan
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Japan's Sumitomo continues expansion in the US home building market with a new acquisition
Sumitomo Forestry America, which is a subsidiary of Tokyo-based Sumitomo Forestry Co., is buying Gehan Homes Ltd., a Dallas homebuilder. Two years ago, the Japanese housing firm has already purchased more than 50% of Gehan, and the Dallas company announced it would sell its remaining ownership to Sumitomo, according to The Dallas Morning News. In the past year, Gehan Homes' revenue has grown nearly 50 percent. In 2014, Gehan ranked No. 21 on the North Texas Middle Market 50 list with annual revenue in 2014 of nearly $378 million. “With the sale of the company to Sumitomo Forestry America Inc., Gehan Homes will have added financial strength that will allow the company to be more aggressive in the area of land acquisitions,” said John Winniford, president at Gehan. Gehan has been functioning for 25 years now and has operations all around Houston, Austin, San Antonio and... Continue reading
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Japan's Sumitomo continues expansion in the US home building market with a new acquisition
Sumitomo Forestry America, which is a subsidiary of Tokyo-based Sumitomo Forestry Co., is buying Gehan Homes Ltd., a Dallas homebuilder. Two years ago, the Japanese housing firm has already purchased more than 50% of Gehan, and the Dallas company announced it would sell its remaining ownership to Sumitomo, according to The Dallas Morning News. In the past year, Gehan Homes' revenue has grown nearly 50 percent. In 2014, Gehan ranked No. 21 on the North Texas Middle Market 50 list with annual revenue in 2014 of nearly $378 million. “With the sale of the company to Sumitomo Forestry America Inc., Gehan Homes will have added financial strength that will allow the company to be more aggressive in the area of land acquisitions,” said John Winniford, president at Gehan. Gehan has been functioning for 25 years now and has operations all around Houston, Austin, San Antonio and... Continue reading
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Japan's Sumitomo continues expansion in the US home building market with a new acquisition
Sumitomo Forestry America, which is a subsidiary of Tokyo-based Sumitomo Forestry Co., is buying Gehan Homes Ltd., a Dallas homebuilder. Two years ago, the Japanese housing firm has already purchased more than 50% of Gehan, and the Dallas company announced it would sell its remaining ownership to Sumitomo, according to The Dallas Morning News. In the past year, Gehan Homes' revenue has grown nearly 50 percent. In 2014, Gehan ranked No. 21 on the North Texas Middle Market 50 list with annual revenue in 2014 of nearly $378 million. “With the sale of the company to Sumitomo Forestry America Inc., Gehan Homes will have added financial strength that will allow the company to be more aggressive in the area of land acquisitions,” said John Winniford, president at Gehan. Gehan has been functioning for 25 years now and has operations all around Houston, Austin, San Antonio and... Continue reading
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Japan's Sumitomo continues expansion in the US home building market with a new acquisition
Sumitomo Forestry America, which is a subsidiary of Tokyo-based Sumitomo Forestry Co., is buying Gehan Homes Ltd., a Dallas homebuilder. Two years ago, the Japanese housing firm has already purchased more than 50% of Gehan, and the Dallas company announced it would sell its remaining ownership to Sumitomo, according to The Dallas Morning News. In the past year, Gehan Homes' revenue has grown nearly 50 percent. In 2014, Gehan ranked No. 21 on the North Texas Middle Market 50 list with annual revenue in 2014 of nearly $378 million. “With the sale of the company to Sumitomo Forestry America Inc., Gehan Homes will have added financial strength that will allow the company to be more aggressive in the area of land acquisitions,” said John Winniford, president at Gehan. Gehan has been functioning for 25 years now and has operations all around Houston, Austin, San Antonio and... Continue reading